Valuation

Fred Wilson venture capitalist and Co-Founder Union Square Ventures

“It’s very competitive here [Silicon Valley]. [] Here [Silicon Valley] nobody is willing to take money on terms that are fair to both parties. They’re willing to take money that’s fair to them, but not to me.” []

“It makes me nervous that we cannot find an investment in a Series A or B or C that is priced at a level that we really think is the right price, that makes me nervous. [] Most of the time it’s 50% higher, sometimes it’s double. [] It’s harder to make money in the venture business given the valuation environment that exists today. It was a lot easier 5 or 10 years ago [].”